Q. Why do some countries adopt differential commission terms for insurers' cessions to pools?Why do smaller insurers derive long-term benefits from participating in pools, despite potential sacrifices?

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Q. What is the primary reason insurers accept the sacrifice involved in participating in pools?

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Q. What is the purpose of group underwriting and retention?

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Q. How does the formation of market pools differ from group underwriting?

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Q. What is a key benefit of market pools?

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Q. When can market pools be particularly effective?

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Q. Why is it beneficial to involve professional reinsurers in reinsurance placements?

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Q. What is a disadvantage of involving professional reinsurers in the first surplus treaty?

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Q. How do professional reinsurers benefit ceding insurers?

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Q. Why is it logical to provide professional reinsurers a share in basic treaties?

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Q. Which of the following is correct with respect to market pool?

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Q. What is the role of an intermediary in the reinsurance placement process?

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Q. What is the primary function of an intermediary in reinsurance placement?

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Q. What does the intermediary's brokerage cover?

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Q. What is one benefit of using an intermediary in reinsurance placement?

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Q. What distinguishes an intermediary from a professional reinsurer?

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Q. Who is responsible for preparing the slip in reinsurance placement?

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Q. What distinguishes lead underwriters in reinsurance placement?

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Q. What is the role of the intermediary in reinsurance placement?

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Q. What does the cover note in reinsurance placement summarize?

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